Where and How to Earn Polygon (MATIC)

Introduction

Lending Polygon can be a great option for those who want to hold MATIC but earn yield. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Acquire Polygon (MATIC) Tokens

   To lend Polygon, you'll need to have it. To get Polygon, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Polygon (MATIC)	0.24
   Coinbase	Polygon (MATIC)	0.24
   Luno	Polygon (MATIC)	0.6
   Blockchain.com	Polygon (MATIC)	1
   Gate.io	Polygon (MATIC)	0

   See all 22 prices

2. 2. Choose a Polygon Lender

   Once you have MATIC, you'll need to choose a Polygon lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nebeus	Polygon (MATIC)	Up to 13% APY
   Coinbase	Polygon (MATIC)	Up to 2.91% APY
   Kucoin	Polygon (MATIC)	Up to 5% APY
   Wirex	Polygon (MATIC)	Up to 4.5% APY

   See all 11 borrowing rates

3. 3. Earn Polygon

   Once you've chosen a platform for earning your Polygon, transfer your Polygon into your wallet on the earning platform. Once it's deposited, it'll start earning interest. Some platforms pay interest daily, while others offer it weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.